The Colombo Stock Exchange will continue to be one of the best performing capital markets in the Asian region. The trend of high routine will remain for the next 10 years as the market has shown much potential to grow further, Securities and Exchange Commission (SCE) Chairperson Indrani Sugathadasa told Daily News Business.
“From the institutional standpoint it is essential to have pension funds, Employees Trust Funds (ETF), Employees Provident Funds (EPF), retirement savings and insurance companies investing in the CSE to increase the demand, she said.
There is a significant growth in companies entering the stock market.
“The increased keenness of the corporates getting listed in the CSE is encouraging. We expect more companies will enter the capital market and will take the opportunity of raising funds to expand their business,” Sugathadasa said.
The development projects that are underway in the Northern and the Eastern provinces has shown a full swift where the society is very interested in knowing the latest at the stock market to invest in it. The response from the public is admirable. There are implications to analyze the companies in raising their share prices suddenly. We monitor their movements carefully as the role of SEC is to ensure stability, the SEC Chairman said. New stock brokering companies have applied for licences and there are some appeals that are to be considered. The CSE has sent around five applications to be considered and they will get their licences by the end of this year. The SEC has plans to participate in road shows in East Asia and Europe to attract more foreign investors to the market.
The targets of these road shows are to showcase the potential in debt market, equity market and economic prospects for long-term investments, Sugathadasa said.
source - www.dailynews.lk
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